Telsey Advisory Group Reaffirms Outperform Rating for ThredUp (NASDAQ:TDUP)

Telsey Advisory Group reiterated their outperform rating on shares of ThredUp (NASDAQ:TDUP - Free Report) in a report published on Wednesday, Benzinga reports. Telsey Advisory Group currently has a $4.00 price objective on the stock.

Several other equities analysts have also recently weighed in on the stock. The Goldman Sachs Group decreased their price target on shares of ThredUp from $4.00 to $3.00 and set a neutral rating for the company in a research note on Thursday, January 11th. Wedbush reaffirmed an outperform rating and set a $4.00 price target on shares of ThredUp in a research note on Tuesday, March 5th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $5.00 price target on shares of ThredUp in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $3.67.

ThredUp Trading Up 2.5 %

Shares of NASDAQ:TDUP traded up $0.04 during mid-day trading on Wednesday, reaching $1.64. The stock had a trading volume of 422,388 shares, compared to its average volume of 528,083. The firm has a market cap of $178.48 million, a PE ratio of -2.41 and a beta of 0.64. The firm has a 50 day simple moving average of $1.83 and a two-hundred day simple moving average of $2.14. The company has a current ratio of 1.22, a quick ratio of 1.02 and a debt-to-equity ratio of 0.21. ThredUp has a twelve month low of $1.52 and a twelve month high of $4.39.

ThredUp (NASDAQ:TDUP - Get Free Report) last posted its earnings results on Monday, March 4th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). ThredUp had a negative return on equity of 61.27% and a negative net margin of 22.12%. The business had revenue of $81.39 million for the quarter, compared to the consensus estimate of $80.30 million. During the same period in the previous year, the company posted ($0.19) earnings per share. On average, research analysts predict that ThredUp will post -0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On ThredUp

Several hedge funds have recently added to or reduced their stakes in the business. Capital World Investors lifted its holdings in ThredUp by 6.4% during the 4th quarter. Capital World Investors now owns 8,580,000 shares of the company's stock valued at $19,305,000 after purchasing an additional 516,000 shares during the last quarter. FMR LLC lifted its holdings in ThredUp by 28.5% during the 3rd quarter. FMR LLC now owns 6,113,152 shares of the company's stock valued at $24,514,000 after purchasing an additional 1,355,607 shares during the last quarter. Bares Capital Management Inc. lifted its holdings in shares of ThredUp by 6.2% during the fourth quarter. Bares Capital Management Inc. now owns 3,186,579 shares of the company's stock worth $7,170,000 after buying an additional 186,579 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of ThredUp by 130.3% during the third quarter. Acadian Asset Management LLC now owns 742,974 shares of the company's stock worth $2,978,000 after buying an additional 420,366 shares in the last quarter. Finally, Bourgeon Capital Management LLC acquired a new stake in shares of ThredUp during the third quarter worth $2,783,000. Institutional investors and hedge funds own 89.08% of the company's stock.

ThredUp Company Profile

ThredUp Inc, together with its subsidiaries, operates an online resale platform in the United States and internationally. Its platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.